Westfield sold from Growth Portfolio

We have sold our model Growth Portfolio's entire stake of 695 securities in Westfield Group, for $10.37, giving total proceeds of $7,207. We've replaced it with Trade Me (see Trade Me: Interim result 2014 & Upgrade from 19 Feb 14 (Buy – $3.54)). While we continue to rate Westfield as a Hold, we feel that Trade Me offers a better use of the money for a portfolio that's designed to be a collection of our best ideas. Note: Our model Growth and Income portfolios own shares in Trade Me.

We have sold our model Growth Portfolio's entire stake of 695 securities in Westfield Group, for $10.37, giving total proceeds of $7,207. We've replaced it with Trade Me (see Trade Me: Interim result 2014 & Upgrade from 19 Feb 14 (Buy – $3.54)).

While we continue to rate Westfield as a Hold, we feel that Trade Me offers a better use of the money for a portfolio that's designed to be a collection of our best ideas.

Note: Our model Growth and Income portfolios own shares in Trade Me.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles